FIRST BUSINESS FINANCIAL SERVICES (FBIZ)
Financials · Regional commercial banking / business lending · NASDAQ
A specialized business bank focused on commercial real estate, asset-based lending, and wealth management for small-to-mid-market companies and high net worth individuals across the upper Midwest.
What FIRST BUSINESS FINANCIAL SERVICES does
First Business Financial Services is a bank holding company operating through First Business Bank, a commercial bank serving small- to medium-sized businesses, business owners, executives, and high net worth individuals across Wisconsin, Kansas, and Missouri. The company provides a full suite of commercial banking products including commercial real estate lending, commercial and industrial lending, asset-based lending, equipment financing, SBA lending, treasury management, and private wealth management services including trust administration and investment management. With approximately $4.1 billion in total assets and $3.4 billion in gross loans, FBFS operates as a specialized business bank focused on deep client relationships rather than a traditional retail branch network.
Themes: ["business banking / SMB lending","commercial real estate finance","asset-based lending","private wealth management","SBA lending","specialized lending / niche credit"]
Fundamentals
- Price$63.06 as of 2026-07-09 close
- Market cap$527M as of 2026-07-10
- 1-year return+17.1% as of 2026-07-09 close
- P/E10.25 as of 2026-07-10
- Net margin+26.4% as of 2026-07-10
- ROE+14.1% as of 2026-07-10
- Debt / equity0.14 as of 2026-07-10
- Revenue growth (YoY)+67.4% as of 2026-07-10
- Beta0.66 as of 2026-07-10
Dividend: yield +2.2%; 5-year non-decreasing per-share dividend streak (SEC XBRL).
Key risks (from latest filing)
["Concentrated loan portfolio exposure to commercial real estate (61% of gross loans) and commercial and industrial lending (37.7%), creating vulnerability to economic downturns and sector-specific credit deterioration","Geographic concentration in Wisconsin, Kansas, and Missouri primary markets, limiting diversification of deposit and loan base across regions","Interest rate risk from deposit and borrowing liabilities, with sensitivity to Federal Home Loan Bank advances and other borrowing costs in a rising rate environment"]
Competitors & peers
- Wintrust Financial Corporation (WTFC)
- Pinnacle Financial Group (PNFP)
- Cullen/Frost Bankers (CFR)
- Tri Bancorp (TCBK)
- Heartland Bancorp
- Associated Bank
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.